By Greg Hunter’s USAWatchdog.com

The $2 billion derivative trading loss JP Morgan announced, about two weeks ago, is growing in size. It is reportedly now more than triple the original loss. According to a CNN report, “One thing seems clear about JPMorgan Chase’s $2 billion loss. It’s no longer $2 billion. It’s likely much higher. The number being bandied about now is closer to a range of $6 billion to $7 billion, according to several people working on trading desks that specialize in the derivatives JPMorgan Chase (JPM, Fortune 500) used to make its trades and from two sources with knowledge of the bank’s positions.”